Performance Fibers buys out Diolen's North American Business
18 Aug '05
3 min read
"The combination of Performance Fibers' business experience and Diolen's technological capabilities will create a strategic alliance to help customers meet challenges and solve problems," Rogoswki said. "With a global presence, technological strength and mastery in the fibers and fabric business, the company has positioned itself for tremendous growth in the future."
"They are anxious to leverage the talented management team at Performance Fibers," stated Matthew Garff, Vice President at Sun Capital Partners Inc.
"The management team has worked hard to grow the business by meeting the needs of their customers and working well with their vendors. They expect that this same level of diligence will be applied to customers and vendors of Diolen, allowing the combined business to grow and prosper."
Netherlands based multi-national company Diolen Industrial Fibers is a leading manufacturer of high-tenacity polyester yarns for a wide variety of technical applications and tire reinforcement, marketed under the brand name Diolen. The European production facilities are located in Emmen (The Netherlands) and Obernburg (Germany).
Virginia based World's leading company Performance Fibers is suppliers of high-tenacity polyester and a global manufacturer of other man-made industrial fibers and fabrics. With manufacturing facilitiesin North America, Asia and Europe, its products are used in a wide range of consumer and industrial applications. Formed in December 2004, the business was formerly part of Honeywell International.
marketing@alchempro.com
